Zapworld.com

About Zapworld.com

ZAP is driving the future. An acronym for "zero air pollution,"
ZAP provides efficient, alternative-energy vehicles and products
for corporate and government fleets, security, and environmentally
conscious consumers around the globe. Products include the Xebra
Sedan and Truck, Zappy 3 and Zapino scooters, ZAP Taxi, electric
bicycles. The company has two primary businesses -- ZAP Automotive
(alternative energy vehicles) and ZAP Power Systems (personal
transporters and ATVs) -- to manufacture products
that meet the growing demands of eco-friendly consumers.

With its advanced transportation technologies, ZAP has tapped
into a growing market for fuel efficient vehicles spurred by
heightened environmental awareness, climate changes, and economic
pressures. It has a leading edge on its competitors by owning its
fundamental technology, along with its trade name and brand
recognition. The company intends to expand through its
technological expertise; new products; and strategic joint ventures
with certain manufacturers, distributors and sales organizations.
To manage growth, it continues to improve operations,
manufacturing, and research and development departments. The
company sold its portable energy operations in mid-2008 in an
effort to concentrate on its transportation technologies.

ZAP is leveraging its place in the market as a magnet for new
technologies by acquiring companies with new products. In 2008 the
company acquired an interest in Electric Wheel Motor Company to
develop and manufacture a new line of wheel motors for future
electric vehicle developments and global distribution. ZAP has
partnered with Lotus Engineering to develop an electric all-wheel
drive cross-over, high-perfornace vehicle for the US
market. It also has a joint venture with Detroit Electric to
manufacture electric and hybrid vehicles with Youngman Automotive
Group.

In 2008, ZAP announced a strategic partnership with
Dubai-based Al Yousuf Group, a privately held engineering
conglomerate, to expand its international vehicle distribution. The
relationship soured, however, as a lawsuit was filed by Yousuf in
2009 on grounds that ZAP failed to make scheduled payments.

ZAP Rental Outlet exposes first-time electric vehicle drivers to
its cars and turns them into potential buyers. Tourist locations
are among the first rental locations to be selected. ZAP World
Outlet handles existing and potential car dealers. It provides
sales and service training, and offers incentives for those dealers
who can tap into potential electric vehicle markets. The company
also has other namesake operations that handle sales, marketing,
and manufacturing.

Set on meeting the needs of Chinese consumers, ZAP chose a
strategic promotion venue like the Beijing Motor Show in 2010 to
debut its innovative products, including its ZAP Taxi and
Alias prototype sports car (both are all-electric). ZAP forged
ahead into the People's Republic in late 2009 when
it announced it was entering into a joint venture with
China-based Holley Group, a manufacturer of electric power meters.
With backing from Better World International, the new company --
ZAP Hangszhou -- will manufacture electric vehicles, including the
new five-seat ZAP Taxi, and develop related infrastructure for
the Chinese market.

ZAP's initial partnership with Zhejiang Jonway Automobile
-- to take advantage of the growing EV market in China -- gave
way to ZAP's acquisition of 51% of Zhejiang Jonway for a
little more than $30 million in cash in early 2011. ZAP will
gain the international distribution rights to Jonway's automobiles
in turn for shares of ZAP's common stock. In late 2010 Zhejiang
Jonway CEO Alex Wang was elected by ZAP's board to be co-CEO to
Steven Schneider.

CEO Steven Schneider controls about 25%; Gary Starr, Chairman
Emeritus and Director, holds about 14%; Chairman Eqbal Al Yousuf
has a little more than 13%. Additional ownership includes Jeffrey
G. Banks of the Banks Group, and Renay Cude, each with almost 7%
each.